Fontana v. Village of Fontana-On-Geneva Lake

This is an appeal from a judgment granting a refund for property taxes levied in 1972. The trial court held that the assessment was void because the assessor failed to consider the best information he could practicably obtain; specifically, the actual costs of construction of a new addition. The court then determined the proper amount of reassessment based on a subsequent sale of the property. We conclude that the trial court properly decided the original assessment was void. We also hold that the court acted within its statutory authority when it established a value based upon a recent sale…